What is Canara HSBC Term Plan?
Canara HSBC Oriental Bank of Commerce Life Insurance iSelect Term Plan is a pure protection plan that provides life insurance and terminal illness cover along with cover against accidental death/ disability, and the option to secure an income for your family even in your absence.
What are its key benefits?
Monthly Payout Options Death/ Terminal Illness Benefit Accidental Death (if opted) Benefit Accidental Total and Permanent Disability (if opted) Benefit. Tax Benefits
Why buy insurance on InsureMile online platform?
Because enquiry about insurance quotes, buying of insurance and other transactions are simple, transparent and competitive on InsureMile platform Because InsureMile does not ask you for your phone number or email details, thus you are not harassed by unwanted calls or mail. Because InsureMile will guide you, whenever you need any assistance
What are its features?
Financial security for longer tenure Increased life stage responsibilities Option to secure your family’s monthly expenditure Spouse cover Tax Benefits Family’s financial liabilities Optional in-built protection
What is the claim ratio?
The claim settlement ratio of 94.95% is the indicator of the number of death claims settled by Canara HSBC Life against the total claims 653 reported for the FY 2016-17.
The most important differentiator is InsureMile’s ‘Buy A Policy, Feed A Child’ mission. For every policy you buy, InsureMile on your behalf contributes 25 meals to a child. You are thus becoming part of a Social Movement to eradicate hunger among children in India. There is no additional amount to be paid for the social cause. It is part of the premium. You can claim tax benefits for the donation you have made.